TAQA Saudi Arabia Transitions Leadership Amid Strategic Growth Agenda

On May 29, 2025, Industrialization and Energy Services Company, commonly known as TAQA, unveiled a significant leadership change as part of its long-term strategic growth initiative. Khalid Nouh, who has served as CEO since 2019, is set to depart on May 31, 2025. His tenure was marked by substantial achievements, positioning TAQA as a global leader in energy and industrial services.

Khalid Nouh's Impact at TAQA

Khalid Nouh has contributed immensely to the transformation of TAQA into a unified global organization. Under his leadership, he successfully navigated a series of strategic acquisitions, including Tendeka, AZR, OPT Chemicals, Cougar Drilling Solutions, Oliden Technologies, and AlMansoori Petroleum Services. These acquisitions have equipped TAQA with a diverse range of services, helping to solidify its status as a fully integrated energy services provider.

Furthermore, during Nouh's tenure, the company digitized its operations and established centers of excellence in drilling, completion, and intervention. Notably, TAQA launched TAQA Geothermal, aligning its operations with regional energy transition goals. The company has seen remarkable revenue growth under his strategic execution and operational excellence, reinforcing TAQA's capability to spearhead innovative projects in energy.

The New Leadership Chapter

As TAQA prepares for its next phase of growth, which includes enhancing market presence and driving innovation, the board of directors has appointed Adel Al-Ghadhban as interim CEO effective June 1, 2025. Al-Ghadhban currently holds the position of Executive Vice President - Business and Investment Director, bringing over three decades of valuable experience in various sectors of the energy industry. His extensive background, particularly in portfolio management and finance, positions him well to guide TAQA into this new chapter.

Al-Ghadhban has been instrumental in overseeing the group's legal, risk management, and compliance functions. He has also played a vital role in shaping the strategies for TAQA's portfolio companies, sitting on the boards of numerous subsidiaries, including ARGAS as Vice Chairman and leading roles at Cougar Drilling Solutions and TAQA Drilling Solutions in Canada.

Acknowledgment of Leadership

Khalid Nouh reflected on his journey at TAQA, stating, “It has been an extraordinary journey and a privilege to lead TAQA during a time of remarkable growth and transformation. I am proud of what we have built together and I leave confident in the direction and leadership of the company.”

Ahmed Al Zahrani, chairman of the board, expressed gratitude towards Nouh for his exceptional vision and dedication, stating, “He has been pivotal in transforming TAQA into the global leader it is today.” Al Zahrani emphasized that the board believes Al-Ghadhban will build on this legacy with a focus on performance, innovation, and growth.

Looking Ahead

Adel Al-Ghadhban addressed his appointment, saying, “I am honored to take the helm at such a critical juncture in TAQA's evolution. We have a solid foundation, a clear vision, and exceptional teams globally. I look forward to collaborating closely with our employees, partners, and clients to continue our achievements and accelerate our strategic growth.”

Founded in 2003 and headquartered in Dhahran, TAQA has evolved into a prominent international company providing cutting-edge solutions for the energy industry. With over 5,500 employees across more than 20 countries, TAQA is dedicated to creating value and opportunities for all stakeholders. Its comprehensive portfolio includes an array of services for well operations, including coiled tubing, cementing, wireline services, drilling, and safety measures.

As TAQA embarks on this new leadership chapter, the spotlight remains on its commitment to innovation and sustainable growth in the evolving energy landscape.